Property
The capital value of any property is ignored. Any taxable rental income is included, except for the first £300 of the total income from pensions, income from capital, and foreign income, which is disregarded.
1Reg 11 TC(DCI) RegsNote: you can rent a room in your own home without paying tax on the rental income, provided this does not exceed £7,500 a year. This income is not taken into account when working out your entitlement to tax credits.